2025-12-26 14:24:31

An unprecedented large-scale transfer of chips is happening on-chain.

In the past five years, such activity has never been seen before. Starting from 2023, long-term holders with over two years of chips have collectively begun to reduce their holdings—selling a total of 1.6 million Bitcoins, which at current prices amounts to approximately $14 billion in selling pressure directly hitting the market.

What’s even more noteworthy is the data from the past month. The distribution activity of long-term holders has reached a five-year high. Dormant old chips are flowing in large quantities, indicating what? Early smart money is taking profits.

This signal is very clear— the late stage of a bull market may have already begun. But then the question arises: who will absorb this wave of chips being sold?

The current market pattern is a battle of funds. On one side are the old holders cashing out, and on the other side, sufficient new capital (such as inflows into spot ETFs) is needed to absorb this pressure. If new buying momentum stalls, these 1.6 million Bitcoins worth of chips could become the biggest obstacle preventing the price from returning to previous highs.

Ultimately, this is a scenario of "old money exiting, new money stepping in." The old players are cashing out and leaving, but can the new forces withstand this pressure? The future trajectory of Bitcoin in the coming months depends on this battle of capital.

BTC2,17%

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MentalWealthHarvester

· 1h ago

1.6 million coins dumped, can the new money really withstand it... feels a bit uncertain The old players are starting to run away, this time is really different Smart money is cashing out, and we're still waiting for spot ETF to save the market This wave of chip migration made me nervous, the risk of a gap really needs attention Is this how the late stage of a bull market looks? Old money withdraws, new money is insufficient, a bit panicked The selling pressure of $140 billion directly hits the market, just thinking about it is scary The capacity of new funds to absorb the shock determines the future trend, gamble a wave? Unprecedented activity in five years, is this really coming or just a false alarm? Old holders are distributing at a five-year high, what are they signaling... the signs are very clear Are the bagholders or smart money, this is the key issue

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MetaverseHermit

· 18h ago

1.6 million tokens dropped, who can withstand this... It depends on whether the ETF can catch it.

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TrustlessMaximalist

· 12-27 17:44

1.6 million tokens poured in, who can handle that... It depends on whether the ETF buying pressure is strong enough.

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GasFeeDodger

· 12-26 14:54

Old money runs away, new retail investors take over, I bet this round that new funds can't hold up

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CryptoWageSlave

· 12-26 14:53

1.6 million tokens poured in, can the new money really withstand it? It seems like ETF buying is also on the sidelines.

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BearMarketMonk

· 12-26 14:51

Long-term holders cashing out, can new funds withstand the pressure? It seems the new entrants might have to pay their tuition again. --- 1.6 million coins dumped, in simple terms, it’s all about who’s greedier. History loves to repeat itself. --- Smart money has already sensed the opportunity; all that’s left is waiting for new retail investors to enter the market. --- Haven’t seen this in five years? That suggests this time might really be different, or that something truly unprecedented is coming. --- Fund competition? No, this is a battle of human nature. Whoever blinks first is finished. --- The term "bull market later" sounds like self-encouragement. If you can’t catch it, you just can’t catch it. --- Can ETF inflows save the market? Don’t be silly, that depends on whether the institutions dare to truly step in. --- Sleeping chips awaken, impatient new money enters the scene. This script has been played out too many times.

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ForkItAll

· 12-26 14:49

1.6 million tokens poured in, I really can't hold it anymore. If this wave of new funds can't keep up, it'll be heartbreaking.

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